Roman Abramovich has not asked for any loan to be repaid to him, reveals club statement

The Russian billionaire's assets were frozen and limitations were placed on how much the London club can spend. Abramovich, who has owned the club since 2003, was in the midst of trying to find a buyer for the club but the proposed sale has now been put on hold. 

A consortium led by Los Angeles Dodgers co-owner Todd Boehly is in pole position to buy the London club after a bidding war staved off competition from other interested buyers. Abramovich had asserted that he would not be requesting repayment of his loans to the club although reports surfaced earlier this week that the Russian billionaire would be restructuring the deal which could see him break his promise to the club.

“Mr Abramovich’s intentions in relation to gifting the proceeds from the Chelsea sale to charity have not changed. Abramovich has not asked for any loan to be repaid to him – such suggestions are entirely false – as are suggestions that Mr Abramovich increased the price of the Club last minute. As part of Mr Abramovich’s objective to find a good custodian for Chelsea FC, he has however encouraged each bidder throughout this process to commit investing in the Club – including in the Academy, Women’s team, as well as maintaining the work of Chelsea Foundation,” said an official statement.